![Shareholders Approve Truth Social Merger; Trump’s Social Media Company To Go Public Shareholders Approve Truth Social Merger; Trump’s Social Media Company To Go Public](https://dw-wp-production.imgix.net/2024/03/GettyImages-2062127316-scaled-e1711123481413.jpg)
Truth Social, the social media company founded by former President Donald Trump, is set to go public as soon as next week after shareholders voted Friday to approve a merger with a shell company.
The merger means those who hold stock in Digital World Acquisition, a special-purpose acquisition company (SPAC), will now be shareholders of Trump Media & Technology Group, the parent company of Truth Social, The New York Times reported. The deal will also provide Trump Media with more than $300 million, and the company will replace Digital World Acquisition on the stock market under the ticker DJT, Trump’s initials.
Based on Digital World Acquisition’s current price of nearly $42 a share, Trump Media will hit the market with a value of around …